With Netflix now available in 190 countries, the upstart video-on-demand service has grown so big Hollywood studios and television networks are getting seriously worried. Sure, they’ve earned millions by licensing their content to Netflix, but they now find themselves competing with the company for new projects, not to mention the industry’s most sought after talent.

TV networks are especially upset Netflix can claim to be a success without ever revealing their ratings. Some have even gone so far as to commission studies to determine the true viewership of Netflix programming. Meanwhile, Netflix has become concerned about viewers bypassing geographic restrictions by subscribing to their U.S. service from international territories.

When it came to this year’s Academy Awards nominations however, Netflix was overlooked in all of the major categories. So were minorities. For the second year in a row all of the acting nominations and those for best director went to caucasians, giving rise to a repeat of the #OscarsSoWhite social media campaign.

Of course we also cover the week’s top entertainment news including NBC’s plans to produce a live version of the musical “Hairspray”, Al Jazeera America is being shut down and the death of actor Alan Rickman.

Hollywood is learning the hard way that big name movie stars don’t always guarantee the success of a tentpole release. This summer at least three mega-budget titles have tanked; Will Smith couldn’t save “After Earth”, Jamie Foxx and Channing Tatum couldn’t rescue “White House Down” and even the casting of Johnny Depp as Tonto wasn’t enough to rustle up an audience for “The Lone Ranger”.

On the other hand, filmmaker Lee Daniels’ next film may not have a blockbuster-size budget, but it does feature an all-star cast that includes the likes of Forest Whitaker, Robin Williams and Oprah Winfrey. Now all it needs is a new name, since a 1916 Warner Bros. short has already laid claim to “The Butler” causing Daniels and distributor The Weinstein Company to call out the lawyers.

Meanwhile, as we await the court’s verdict in the Justice Department’s antitrust lawsuit against Apple over the pricing of e-books, it turns out Amazon has quietly been raising the ante on a lot of titles, especially those from academic and small presses.

Of course we also cover the week’s top entertainment news including the Academy’s new members, Jennifer Lopez in Turkmenistan and the cost of purchasing a Tony Award.

Once again Hollywood raked in record earnings at the North American box office in 2012, though this time it wasn’t because of increased ticket prices. In fact, both revenue and attendance were up nearly 6% during the year as 1.36 billion tickets were sold to set a new annual box office record of $10.8 billion.

Internationally box office receipts were off slightly. After a string of years with record grosses, Hollywood movies raked in $13.5 billion outside North America. The new year is looking up as well since nine films pegged as Oscar contenders are all still raking in big grosses.

The music business didn’t have such good news. Album sales during 2012 declined 4.4% in the United States where Adele spent a second year at the top of the heap. What’s noteworthy is that digital downloads outpaced physical album sales for the first time according to Nielsen SoundScan.

Of course, we also cover the week’s top entertainment headlines including the sale of Al Gore’s cable network, the rising ratings for Big Bang Theory and why YouTube is deleting views for music videos.

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About Showbiz Sandbox

Showbiz Sandbox is a podcast featuring industry professionals J. Sperling Reich, Karen Woodward and Michael Giltz's humorous viewpoints, insightful analysis and insider opinions on the latest entertainment news headlines. The weekly podcast includes commentary, renown industry guests, as well as phone calls and emails from listeners who voice their own opinions on the child’s play of the entertainment business.

Meet The Showbiz Sandbox Hosts

J. Sperling Reich has nearly 20 years of experience working in the entertainment industry. Besides covering show business as a journalist for numerous media outlets, Sperling is a highly regarded industry expert in cinema technology and new media. He works with some of the industry's leading motion picture exhibitors, studios and equipment manufacturers. [Read The Full Bio]

Karen Woodward is the ultimate Hollywood multi-hyphenate. After starting her career 15 years ago in the trenches of the William Morris Agency she has since worked in talent management, film-television production, promotions and advertising. Armed with a Master's Degree in Media Studies Karen presently helps dozens of today's top stars connect with their audience as one of the entertainment industry's leading social media consultants. [Read The Full Bio]

Michael Giltz is an award-winning freelance entertainment writer based in New York City. He covers all areas of the industry including movies, music, books, theater, TV and DVDs. Michael regularly contributes to the Huffington Post and the New York Daily News among many other international media outlets. [Read The Full Bio]